On a daily basis, I spent about 4-8 hours in front of my computer posting, curating, & researching. My research is mostly about crypto but I also read some stuff about investing or basically about anything that will help me learn more about it.
In the past 3 years, I pooled thousands of manhours working on building my token stakes. Yet, I still feel that the time spent in accumulating those tokens is more valuable than the actual value of it. What I realized is that I didn't make the best choices on where to allocate the funds I have into something worthwhile.
I'm not saying that my time in Steem/Hive/Blurt is not worthwhile. In fact, my time here is the most fruitful I have in the entirety of my social media experience. That's in comparison to the many years that I spent in Friendster, Instagram, & Facebook which are totally worthless. All of my efforts posting on those mainstream social media is what I consider a complete waste of my time. I stopped being active on those platforms after I discovered the world of social blockchains. Even though the majority of the users here are "anonymous" or someone that I don't personally know the engagement that I get is as real as the physical world if not better.
Actually, I feel that the engagement here is far better in terms of quality.
So, if I spend 1/3 of my day here then that's perfectly fine to me. The learning that I get is rewarding enough to make me feel motivated about what I do. And the best part is that I get to be reward with digital currency(s) that have real-world value. The tokens that I earn have a monetary value that I can spend or re-invest (better option).
As I earn these tokens, I usually take a step back and think about the strategy to grow it with respect to something stable like $USD.
Since I'm too accustomed to POS chains and inflation based rewards, I feel inclined to build a position in tokens like $Leo, $Steem, & $Blurt. So while I'm accumulating those tokens as rewards from posting & curating, I have this drive to diversify those earnings to something that will work for me passively. Although curating could potentially work passively if I set my account to follow a curation trail I still feel that it's less consistent in comparison to the Staked-based Reward System.
Leo is an exemption for this because of the flat rate in curation rewards. Personally, I'm enjoying this compared that of the other types of reward curves.
Anyway... For me, the ultimate strategy is to diversify my funds into $tokens that utilize staked-based rewards and is hardcoded into the chain itself.
At this point, I'm accumulating $TRX & $AKT to stake on a regular basis. For now, I'm in favor of $AKT if I have to value my time. The inflation rate of $AKT is currently at 54% APY. That's a really good opportunity that I don't want to miss. It's high because it was only launched 3 months ago.
Over time the inflation rate will be reduced down to 10% in a span of 5 years.
The risk that I'm making here is the fact that it's a relatively new project and the team behind it is yet to prove the dependability of the project. That's hard to tell even if the founder and the team are credible professionals in this industry, things can still go south unless the project is fully decentralized. The primary development is still dependent on the sole team that's working on this project.
But then again, with the resources that I feel compelled to also invest in $AKT considering the utmost return that it offers in a short amount of time. It has the most gain in a span of 1 year and an ROI of fewer than 3 years.
Of course, considering the token price to be stable.
Using this fast-paced income stream, I will be able to diversify to the cryptocurrencies that have proven their dependability over a long period of time. I'm talking about the top coins like BTC & ETH.
Soon...!
Same. Less hodling and being lazy to actively trading.
Sounds good!
I just learned about "Bling" at Blurt Discord chat. A new chain, that will have an option for a user to either "stake" for reward or "power-up" for curating.